Candlestick Capital Management LP lifted its holdings in Amer Sports, Inc. (NYSE:AS - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,864,510 shares of the company's stock after acquiring an additional 63,078 shares during the period. Amer Sports makes up approximately 2.5% of Candlestick Capital Management LP's investment portfolio, making the stock its 6th largest position. Candlestick Capital Management LP owned about 0.71% of Amer Sports worth $108,052,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Element Capital Management LLC bought a new position in shares of Amer Sports during the 4th quarter worth about $357,000. GAM Holding AG purchased a new stake in Amer Sports in the 4th quarter worth approximately $13,460,000. Renaissance Capital LLC lifted its stake in shares of Amer Sports by 116.2% in the 4th quarter. Renaissance Capital LLC now owns 135,697 shares of the company's stock valued at $3,794,000 after purchasing an additional 72,936 shares during the period. Pamalican Asset Management Ltd purchased a new stake in shares of Amer Sports during the 4th quarter valued at about $20,970,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Amer Sports in the 4th quarter worth approximately $283,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.
Amer Sports Price Performance
AS stock traded down $0.01 during trading on Wednesday, hitting $24.23. The stock had a trading volume of 1,607,046 shares, compared to its average volume of 2,525,578. The company's 50 day moving average price is $25.97 and its two-hundred day moving average price is $25.93. Amer Sports, Inc. has a 1-year low of $10.11 and a 1-year high of $34.00. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of -173.06, a price-to-earnings-growth ratio of 0.72 and a beta of 2.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62.
Amer Sports (NYSE:AS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.60 billion. Amer Sports's revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts forecast that Amer Sports, Inc. will post 0.46 EPS for the current fiscal year.
Analysts Set New Price Targets
AS has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an "outperform" rating and a $38.00 price objective for the company. Morgan Stanley lifted their price target on Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Citigroup lowered their price target on Amer Sports from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lowered their price target on Amer Sports from $28.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amer Sports presently has a consensus rating of "Moderate Buy" and an average target price of $31.45.
Get Our Latest Stock Report on Amer Sports
Amer Sports Company Profile
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Free Report)
Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.
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